turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My W-2 has box 12 with code W filled in for my HSA from work. Later on, it asks me to enter my 1099-SA form. I did, and it said I overcontributed to my HSA. How do I fix?

How do I stop it from double counting my HSA and taxing me an extra 6%?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
KrisD15
Expert Alumni

My W-2 has box 12 with code W filled in for my HSA from work. Later on, it asks me to enter my 1099-SA form. I did, and it said I overcontributed to my HSA. How do I fix?

Go back through that interview, and if all the contributions were made through work and reported on your W-2, don't enter that amount a second time in the interview. 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

My W-2 has box 12 with code W filled in for my HSA from work. Later on, it asks me to enter my 1099-SA form. I did, and it said I overcontributed to my HSA. How do I fix?

So should I just not submit my 1099-SA?

MindyB
Expert Alumni

My W-2 has box 12 with code W filled in for my HSA from work. Later on, it asks me to enter my 1099-SA form. I did, and it said I overcontributed to my HSA. How do I fix?

You will enter your 1099-SA. After you enter the HSA distributions from the form, you'll be to enter any contributions you personally made- see @KrisD15 's screenshot.  There, do not enter any contributions you made via payroll.  This will double count them because they were already reported on your W-2 in Box 12 Code W. You also should indicate that the amount withdrawn on the 1099-R was used for medical expenses (if they were in fact used for medical expenses, otherwise it is taxable.)

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question